November 29, 2019 / 8:15 AM / 9 days ago

Austria's Verbund pulls out of bidding for EDP's hydro assets

VIENNA, Nov 29 (Reuters) - Austrian utility Verbund has pulled out of the bidding for EDP-Energia de Portugal’s hydro assets, a spokeswoman for Verbund said on Friday.

Verbund was one of five companies shortlisted to submit binding offers for the assets, worth around 2 billion euros ($2.2 billion).

$1 = 0.9073 euros Reporting by Alexandra Schwarz-Goerlich; writing by Francois Murphy; editing by Jason Neely

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